Some Bad Ideas Never Die

The White House's recent budget submission included yet another call for sunsets (forcing programs to stop their work every 10 years and plead for their lives) and reorganization powers (to develop government reorganization plans to be rammed through Congress on a fast-tracked, take-it-or-leave-it basis). And today's release of the volume detailing programs to be eliminated or slashed also repeats the call.

read in full

Bush's Budget Plan Includes Hidden Cuts, Document Reveals

An eye-opening article in today's Washington Post says that internal White House documents indicate that meeting the president's goal of cutting the deficit in half will involve a significant amount of cutting to domestic programs -- even to those supposedly "favored" by President Bush.

read in full

Regulation v. Competitiveness

We note with interest that the House Government Reform Committee will hold a hearing tomorrow on competitiveness. At such times, it is de rigeur for industry to argue that regulatory protections of the public health, safety, and environment are a burden on American businesses that keep them from being competitive in a global market. In anticipation of such arguments being rehashed in tomorrow's hearing, we offer these reminders that the business arguments are bunk:
  • OMB Watch Issue Brief: Regulation and Competitiveness

read in full

Educated Opinions on the Budget

Recently there have been some interesting op-eds on budget business in the Washington Post. Former CBO head Douglas Holtz-Eakin submitted an op-ed February 5 in which he discussed how increasingly booming entitlement programs need a "fundamental rethinking" that will dictate both the size of government as well as levels of taxation. E.J. Dionne, Jr. discusses in a February 7 column how "tax cutting is now the idol of the Republican shrine," and points out that sane budgeting will never happen unless deficit hawks work to turn popular opinion against this worship of tax cutting.

read in full

CBO Again Finds Fiscal Policies Unsustainable

The recently updated Congressional Budget Office (CBO) Budget and Economic Outlook shows no significant improvement in the long-term fiscal health of the nation. In fact, the nonpartisan agency that provides Congress with budget and economic analysis found the situation worsening and reiterated that the current structure of taxation and spending is simply unsustainable.

read in full

Latest Watcher

Be sure to check out the latest issue of our biweekly newsletter, The Watcher. Reg policy articles this time: Foxes in the Henhouse: OSHA, MSHA Nominees Appear Pro-Industry, Anti-Worker

read in full

CBO Releases December Monthly Budget Review

Overshadowed by the President's budget release, the Congressional Budget Office released its monthly budget review for December 2005 this past Monday. CBO estimates the federal government ran a deficit of $95 billion over the first four months of FY 2006. This is $15 billion less than the same period last year.

read in full

Watcher: February 8, 2006

Initial Analysis of the President's 2007 Budget CBO Again Finds Fiscal Policies Unsustainable Congress to Have Short Year; Appropriations Work Likely to Suffer Final Budget Bill Passed; Tax Bill Sent to Conference

read in full

Bush's Social Security Plan Rears Its Ugly Head

Despite providing the State of the Union address with its only truly funny section, President Bush's Social Security overhaul plan was barely mentioned during the speech. Bush proposed instead the classic "bipartisan commission" to put off real debate and most likely push the problem to someone else beyond his presidency. Yet the much publicized and thoroughly failed policies of Social Security privitization have not disappeared. In fact, they have been included in the FY 2007 budget release.

read in full

U.S. Government in Debt up to its Eyeballs

President Bush's FY 2007 budget released on Monday allocated $441.3 billion for interest payments on the debt during fiscal year 2007. That's a huge 39 percent increase over the $318 billion spent four years ago and a 25 percent increase from the $352 billion spent last year. The president's allocation is a 11 percent increase over last year's request.

read in full

Pages